Financial Markets Daily

In the currency market

Euro: EurUSD gained for the first time in four days to close at 1.2185, up 0.21%. On the technical front, the initial resistance to the exchange rate upward is at 1.2218, further resistance is at 1.2252, and key resistance is at 1.2284. The initial support is at 1.2152, further support is at 1.2121, and more critical support is at 1.2087.

Sterling: Sterling rose against the DOLLAR for the first time in four days, ending at 1.3495, up 1%. Technically, the initial resistance to the exchange rate upward is at 1.3589, further resistance is at 1.3692, and the key resistance is at 1.3816. The initial support is at 1.3362, further support is at 1.3238, and more critical support is at 1.3135.

Yen: UsdJPY turned lower, closing down 0.08% at 103.54. Technically, the initial resistance to the exchange rate upward is at 103.67, further resistance is at 103.81, and the key resistance is at 103.98. Initial support for the lower exchange rate is at 103.37, further support is at 103.21, and more critical support is at 103.07.

The stock market

London (Marketwatch) – European stocks extended gains on Wednesday as investors pinned hopes for a Trade deal between Britain and Europe to leave the European Union. The Pan-European Stoxx 600 index closed up 4.24 points, or 1.08 percent, at 395.49. Travel and leisure stocks led the way, rising 3.67%, while health care stocks bucked the trend and fell about 0.4%. Germany’s DAX30 index closed up 169.12 points, or 1.26 percent, at 13,587.23. The FTSE 100 index closed up 42.59 points, or 0.66%, at 6,495.75. France’s CAC-40 index closed up 60.73 points, or 1.11%, at 5,527.59. The Euro Stoxx 50 index closed up 41.86 points, or 1.20%, at 3,539.35. Spain’s IBEX35 index closed up 139.80 points, or 1.76%, at 8,074.00. Italy’s FTSE MIB index closed up 285.85 points, or 1.31%, at 22,130.18.

Congress passed a new rescue plan but Mr Trump has indicated he may not sign it, asking lawmakers to increase the amount of stimulus checks most Americans can receive. However, the Dow rose more than 200 points during the session after some stronger-than-expected US economic data offset uncertainty over Mr Trump’s threat not to sign off on another bail-out. The three major U.S. stock indexes continued their individual developments on Wednesday. The Dow closed up 114.30 points, or 0.38%, at 30129.83. The S&P 500 gave up most of the day’s gains in late trading to end up 2.80 points, or 0.07 percent, at 3690.01. The Nasdaq closed down 36.80 points, or 0.29%, at 12,771.11, a record high.

Commodity markets

Spot gold closed at $1,872.74 an ounce, up $12.05, or 0.65 percent, after touching an intraday low of $1,856.92 an ounce and an intraday high of $1,878.48 an ounce.

February gold futures ended up 0.4 percent at $1, 878.10 an ounce on COMEX, snapping a three-week losing streak.

Fauci, an American public health expert, said the British mutation should be watched closely but should not be “overreacted”, implying that there was no need to exaggerate the “power” of the British mutation, which was not severe enough to cause the United States to ban flights to Britain. In addition, France has reopened its border with the U.K. but requires travelers arriving at the border to have a negative novel Coronavirus test result, two major crude oil futures Wednesday (Dec. 23) rebounded from declines in the previous two trading days. U.S. WTI crude for February delivery ended up $1.10, or 2.34 percent, at $48.12 a barrel at press time. Brent crude for February delivery ended up $1.12, or 2.24 percent, at $51.20 a barrel. Earlier in the session, American Oil closed down 95 cents, or 1.98 percent, at $47.02 a barrel. Cloth oil closed down 83 cents, or 1.63 percent, at $50.08 a barrel.

Leave a Reply

Your email address will not be published. Required fields are marked *